Investors Should Take Note Of DouYu International Holdings Limited (DOYU)

Pentwater Capital Management LP has recently announced that it has increased stake in DouYu International Holdings Limited (NASDAQ:DOYU) by 7.14%. After grabbing 10.31 million shares, the institutional investor is now in possession of 0.69 million shares of the Communication Services Company. The new investment brought the stake of investor firm to 3.25% having worth around $12.89 million. Moreover, The Vanguard Group, Inc. increased its share by 0.31 million to have a control over 4.67 million shares. And Polunin Capital Partners Ltd. raised its holdings to 0.35 million shares by acquiring 3.16 million shares or 1.00% of the stake.

DouYu International Holdings Limited (DOYU) concluded trading on 03/16/23 at a closing price of $1.25, with 0.66 million shares of worth about $0.83 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -12.59% during that period and on Thursday the price saw a gain of about 4.17%. Currently the company’s common shares owned by public are about 319.66M shares, out of which, 304.58M shares are available for trading.

A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 8 analysts are covering the DOYU stock and their offered price forecasts bring an average price target of $10.54. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $21.22 and could fall to a lowest price of $7.88. The stock’s current price level is 21.88% above of average price target set by the analysts, while a rise to estimated low would result in gain of 84.14% for the stock. However, touching the estimated high of $21.22 would mean a gain of 94.11% for the stock.

Vanguard Emerging Markets Stock I, Vanguard Total International Stoc, and iShares Core MSCI Emerging Market are the top 3 mutual funds which are holding stakes in DouYu International Holdings Limited Vanguard Emerging Markets Stock I is currently holding 2.04 million shares of worth totaling $2.55 million. The company recently came buying 0.0 shares which brought its stake up to 0.64% of the company’s outstanding shares. iShares Core MSCI Emerging Market, after buying 1.38 million shares, have now control over 0.43% of the stake in the company. It holds 0.0 shares of worth $1.72 million.

However, the stock later moved at a day high price of 1.2600, or with a gain of 4.17%. Stock saw a price change of 5.04% in past 5 days and over the past one month there was a price change of -21.38%. Year-to-date (YTD), DOYU shares are showing a performance of -10.71% which decreased to -11.97% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.90 but also hit the highest price of $2.48 during that period. The average intraday trading volume for DouYu International Holdings Limited shares is 1.53 million. The stock is currently trading -5.91% below its 20-day simple moving average (SMA20), while that difference is down -19.79% for SMA50 and it goes to -4.22% lower than SMA200.

Pentwater Capital Management LP acquired 10.31 million shares of DouYu International Holdings Limited having value of about $12.89 million. Data submitted at the U.S SEC by Pentwater Capital Management LP revealed that the firm now holds 0.69 million shares in the company valued at close to $858567.5, or have control over 7.14% stake in the company. DouYu International Holdings Limited (NASDAQ: DOYU) currently have 319.66M outstanding shares and institutions hold larger chunk of about 20.30% of that. Holding of mutual funds in the company is about 15.53% while other institutional holders and individual stake holders have control over 3.61% and — of the stake respectively.

The stock has a current market capitalization of $403.64M and its 3Y-monthly beta is at 1.05. It has posted earnings per share of -$0.17 in the same period. It has Quick Ratio of 4.80 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for DOYU, volatility over the week remained 6.78% while standing at 6.80% over the month.

Analysts are in expectations that DouYu International Holdings Limited (DOYU) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is $0 and it is $0.04 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.04 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -221.60%. EPS is likely to grow at an annualized rate of 36.31% for next 5-years, compared to annual growth of 11.50% made by the stock over the past 5-years.

Analysts at 8 brokerage firms have issued recommendations for the DouYu International Holdings Limited (DOYU)’s stock and average of those rates the stock at a “Hold” and assign it a score of 3.40. Out of those 8 Wall Street analysts, 1 recommended a “Buy” rating, while 4 were in favor recommending the stock as a “Hold” and 3 analyst recommended the stock as “Sell”.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Citigroup on November 22, 2022 offering a Sell rating for the stock and assigned a target price range of between $1.55 and $1.10 to it. Coverage by JP Morgan stated DouYu International Holdings Limited (DOYU) stock as an Underweight in their note to investors on March 14, 2022, suggesting a price target of $1.20 for the stock. On December 27, 2021, BofA Securities Resumed their recommendations, while on July 13, 2021, China Renaissance Resumed their ratings for the stock with a price target of $6. Stock get a Hold rating from China Renaissance on November 05, 2020.